Trump calls for politicians to control interest rates and inflation

[JohnDB]

 

[Lastamender]

Biden had nothing to do with inflation.

"unnecessary Govt spending"? You mean Trump's $8 trillion of debt.

 

[Mac1958]

Donald Trump is once again demonstrating his ignorance and stupidity.

He is clueless and dangerous. He tried to get the Fed to INCREASE quantitative easing and ARTIFICIALLY DECREASE interest rates because he is clueless and dangerous.

Giving him authority over the Fed would be a fucking disaster, since all he cares about is his short term numbers.

This is one of the scariest fucking things I've seen in a while.

 

[Lesh]

LOL!

Trump's record on inflation is well-documented.

So is Harris/Biden's.

LOL

View attachment 994460

As you can see, he INHERITED LOW INFLATION

 

[Lastamender]

He is clueless and dangerous. He tried to get the Fed to INCREASE quantitative easing and ARTIFICIALLY DECREASE interest rates because he is clueless and dangerous.

Giving him authority over the Fed would be a fucking disaster, since all he cares about is his short term numbers.

This is one of the scariest fucking things I've seen in a while.

So are you. Luckily no one takes you seriously. You are just part of the rot in this country that never shuts up.

 

[Dont Taz Me Bro]

Inflation does not happen at the flip of a switch. Only an ignorant fool thinks so.

The effects of economic policy take time to manifest.

Trump is definitely responsible, in part, for inflation.

Inflation was caused by years and years of QE and massive government overspending (including Trump's $8 trillion of debt), followed by a total shutdown of our economy due to a pandemic, followed by a massive demand surge after the pandemic fueled by stimulus payments which caused the supply chain to be overwhelmed.

Too much money chasing too few goods.

DUH!

And guess who wanted MOAR stimulus money flooding the economy?

Go ahead. Guess.





.

Trump says he wants a bigger stimulus package than the $2.2 trillion amount that Democrats are seeking​

Naked vote buying.

Yep.

The responses here really are an indictment of our public education system.

 

[22lcidw]

One of the key factors behind the recent inflation was that the Federal Reserve kept interest rates too low for too long.

In 2021, they hesitated at a crucial time, believing inflation was not a danger. They realized only after it was too late and inflation had taken off.

Fed will not raise rates on inflation fears alone, Powell says​

Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

"We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel.


Powell fucked up. Bigly.



Now let's roll back to 2019 during a period when Trump was failing to grow the economy his promised 4 to 6 percent, despite spending like a madman to artificially juice GDP.

His solution? NEGATIVE interest rates!

Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero​

​

The real bonehead in the picture was Donald Trump.

Trump railed that other countries were doing it, and so should we.

So how did that work out for those other countries?

They have worse inflation than we do.

This is exactly why we don't want populists anywhere near the monetary printing press.


Fast forward to today:

Donald Trump wants a 'say' in setting interest rates​

Former President Donald Trump said Thursday that he would like a "say" in setting interest rates if he is reelected, further raising the prospect that the Republican nominee could seek to reduce the independence of the Federal Reserve if he wins in November.

"I feel the president should have at least say in there, yeah, I feel that strongly," the presidential candidate said in response to a question about the US central bank interest rate policy and the prospects of a soft landing for the US economy.


Donald Trump is once again demonstrating his ignorance and stupidity.

Joe and the Prog jit cells caused most of this. Progs are a perma douche party. All of that legislation in the first two years with fancy Prog names. We must not have spent a dollar on anything substantial with it. However, those printed dollars had to go somewhere. So now we have Kamala who is going to do the same things Joe has done and even more. She will just sign what she is told and be a front for who the real people in charge are. Most likely individuals from the Village who take orders from the elites in Europe. This is why they want to get rid of Trump. And we hope Trump is for real. He certainly has taken every hit from the Progs and any false Republicans.

 

[Dont Taz Me Bro]

Joe and the Prog jit cells caused most of this.

Wrong. Both parties caused this shit show across the board and it goes back more than 20 years.

 

[Mac1958]

So are you. Luckily no one takes you seriously.

Translation: You turn Trumpsters into bitchy drama queens.

 

[marvin martian]

As you can see, he INHERITED LOW INFLATION

So did Biden...and then...

 

[Lesh]

So did Biden...and then...

View attachment 994474

Trump wasn’t coming out of Covid in 2016.

Trump wasn’t dealing with the effect of dumping 7 trillion dollars into the economy in 2016

In fact it’s amazing that Biden was able to negotiate all that without a recession.

Thanks for the soft landing Joe

 

[Mac1958]

Wrong. Both parties caused this shit show across the board and it goes back more than 20 years.

Yup.

But the rubes only know what they're told.

 

[JohnDB]

Then there's this:

 

[g5000]

1. Trump did not cause the Covid pandemic and the shutdown and the stimulus. Fau-Chi caused the pandemic with his illegal funding of gain-of-function research on bat viruses at the Wuhan Lab.

2. Naked vote buying? Like forgiving student loans, or copycat no taxing tips?

Of course Trump did not cause the pandemic.

He exacerbated it with his colossal stupidity.

 

[g5000]

2. Naked vote buying? Like forgiving student loans, or copycat no taxing tips?

Yes, but only the Republicans pretend they are fiscally responsible, and the rubes fall for it every time.

 

[Stann]

Wrong. Both parties caused this shit show across the board and it goes back more than 20 years.

A voice of reason amidst the noise.

 

[Stann]

Yes, but only the Republicans pretend they are fiscally responsible, and the rubes fall for it every time.

Most of the time.

 

[Mac1958]

Yes, but only the Republicans pretend they are fiscally responsible, and the rubes fall for it every time.

Limbaugh told them the (R) after their name made them macroeconomic experts.

 

[g5000]

Wrong. Both parties caused this shit show across the board and it goes back more than 20 years.

Unfortunately, that is true.

I do not know why Republican voters keep falling for the fiscal austerity hoax put on by their leaders.

I mean, can't they see? Are they blind?

George Bush doubled our debt. Trump added as much to the debt as Obama in half the time.

The only thing I can think of to explain this willful blindness is what I saw while Trump was spending our asses off and doubling the deficit.

I saw absolute dead silence. Not a peep from the same people who whined about Obama's spending from day one of his administration.

That's some hardcore partisan hackery.

I have no doubt Fox News and the rest of the MAGA media are harping and harping about Biden's spending on a daily basis and stupidly attributing inflation to him. And I have no doubt they said fuck-all about Trump spending and his doubling of the deficit and demanding negative interest rates.

 

[Toddsterpatriot]

Biden had nothing to do with inflation.

"unnecessary Govt spending"? You mean Trump's $8 trillion of debt.

Or Biden's $8 trillion of debt.